Crude Oil Price Steady After Stunning Run Higher on OPEC+ News. Where to for WTI? Crude oil has held the high ground after making a 2-month high on Monday following on from gains of over 9% last week. The announcement over the weekend of OPEC+ cutting production by 1.1 million barrels per day saw the...Read More

Crude oil ran over 8% higher first thing Monday morning after the unexpected output cut announced by OPEC+ over the weekend. The blistering rally comes after black gold surged over 9% last week. Prices have eased off since the jump on the open and thin liquidity within the market at the time may have exasperated...Read More

BITCOIN TECHNICAL OUTLOOK: CANDLESTICK PATTERNS SUGGEST BULLISH CONTINUATION IS POSSIBLE IN Q2 In the first quarter of 2023, Bitcoin (BTC/USD) benefited from a reduction in rate expectations and other fundamental catalysts that resulted in a leap in price action, gaining over 70%. Question is, will bulls hold onto control and drive prices to pre-war levels?...Read More

The Australian Dollar was unable to hold onto gains acquired after the latest round of Chinese industrial activity gauges. In March, Chinese manufacturing PMI clocked in at 51.9 against the 51.6 estimate, fading slightly from February’s 52.6 print. Meanwhile, non-manufacturing PMI crossed the wires at 58.2 versus the 55 prediction, rising from 56.3 prior. That...Read More

The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. USD/JPY made a high of 132.89 going into the New York close, which was just shy of last week’s peak of 133.00. it has eased so far through the Asian session. The end...Read More

Gold costs pointed higher throughout the course of recent hours, acquiring 0.87%. As we approach the finish of Spring, XAU/USD is checking out at about a 7.7% increase this month. Whenever supported, that would be the best execution since November. The counter fiat yellow acquired in spite of areas of strength for a for the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

The U.S. dollar, as measured by the DXY index, gained ground Friday afternoon, up about 0.5% to 103.11 amid risk-off mood, but was on track for a 0.7% drop on the week following the recent slump in U.S. Treasury yields, which was accelerated by the Fed’s dovish hike at its March meeting. On Wednesday, the...Read More

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, inching ever closer to its 2023 highs, just above the psychological $2,000 level set this...Read More

Gold prices gained about 1.6% on Wednesday in the aftermath of the Federal Reserve rate decision and Chair Jerome Powell’s press conference. The takeaway from the Fed was that Mr Powell stressed that at this time, policymakers did not see the case for rate cuts this year. The latter is something that markets have been...Read More